Statements of Cash Flows (Unaudited) (USD $)	6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012
Statements of Cash Flows (Unaudited) [Abstract]
Net cash provided by operating activities	$ 5,403,700	$ 8,463,500
Investing activities:
Proceeds from sale of aircraft, net of re-sale fees	5,090,500	3,402,800
Purchases of aircraft and aircraft engines	(4,089,000)	(25,640,900)
Net cash provided by/(used in) investing activities	1,001,500	(22,238,100)
Financing activities:
Borrowings under Credit Facility	2,000,000	19,900,000
Repayments of Credit Facility	(300,000)	(2,300,000)
Debt issuance costs	(2,055,000)	(1,605,000)
Net cash (used in)/provided by financing activities	(355,000)	15,995,000
Net increase in cash and cash equivalents	6,050,200	2,220,400
Cash and cash equivalents, beginning of period	1,596,800	995,500
Cash and cash equivalents, end of period	$ 7,647,000	$ 3,215,900